Lazard, Inc. — Director's Dealing 2025

Feb 14, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard, Inc. (LAZ)
CIK: 0001311370
Period of Report: 2025-02-12

Reporting Person: Russo Evan L (CEO of Asset Management)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-12	Common Stock	S	35000	$53.6357	Disposed	188448	Direct
2025-02-14	Common Stock	S	25000	$55.32	Disposed	163448	Direct
2025-02-12	Common Stock	S	50000	$53.4035	Disposed	34336	Indirect
2025-02-13	Common Stock	S	15000	$54	Disposed	19336	Indirect

Footnotes

F1: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on February 12, 2025 in trades with average execution prices ranging from $53.55 to $53.75, inclusive. The Reporting Person undertakes to provide the issuer, any security holder of the issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the price range set forth in this report.

F2: Amount excludes (i) 198,946 Restricted Participation Units directly beneficially owned by the reporting person, and (ii) 1,000,000 Stock Price Performance-based Restricted Participation Units directly beneficially owned by the reporting person.

F3: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on February 14, 2025 in trades with average execution prices ranging from $55.30 to $55.40, inclusive. The Reporting Person undertakes to provide the issuer, any security holder of the issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the price range set forth in this report.

F4: The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on February 12, 2025 in trades with average execution prices ranging from $53.25 to $53.60, inclusive. The Reporting Person undertakes to provide the issuer, any security holder of the issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the price range set forth in this report.

F5: The shares are held in Jamker Investments LLC, of which the Reporting Person is an authorized individual. Jamker Investments LLC is beneficially owned directly and indirectly (via a trust) by the Reporting Person.